Crypto prices continue to plunge, but cybercriminals still need the currencies for ransomware attacks.
On one day alone, more than $200 billion in value was wiped from the broad crypto market.
That makes the bitcoin demand look larger, even though ransoms haven’t changed much in dollar terms.
Business isn’t as good at the largely shady crypto exchanges that cater to small-time cybercriminals.
Many of those organizations are feeling the chill of crypto winter.
The exchanges, which the company didn’t specifically name, have all been shut down since April.
The reason: Cybercriminals act a lot like many investors.
Some observers say crypto winter has put a permanent chill on ransomware attacks.
There’s even been an uptick in the harvesting of credit card numbers.
With any of those crimes, the criminals make off with conventional currency, rather than crypto.
Criminals also like trojans because the malware can sit on systems quietly siphoning money overtime.
“Getting an organization’s payroll, pensions and retirement makes for a massive payday,” DeGrippo said.
“It’s a lot bigger, quieter and easier than ransomware.”
